Bill Commons

CA AB 480

enacted

Personal Income Tax Law: Corporation Tax Law: insurance tax law: low-income housing tax credit:

California · 2025-2026 Regular Session · lower

Quick answers

Did CA AB 480 pass?

Yes. CA AB 480 has been enacted into law as of 2025-10-10. Latest recorded action (2025-10-10): Chaptered by Secretary of State - Chapter 492, Statutes of 2025.

What is CA AB 480 about?

Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee (CTCAC) provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify for, a federal low-income housing tax credit, and farmworker housing. Existing law limits the total annual amount of the state low-income housing credit for which a federal low-income housing credit is required, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed. This bill would instead authorize a taxpayer to make that election in the manner prescribed by the CTCAC, as provided.

Who sponsors CA AB 480?

Quirk-Silva is the primary sponsor of CA AB 480.

Description

Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee (CTCAC) provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify for, a federal low-income housing tax credit, and farmworker housing. Existing law limits the total annual amount of the state low-income housing credit for which a federal low-income housing credit is required, as specified. That law authorizes a taxpayer to make an election in its application to the CTCAC to sell all or any portion of any credit allowed. This bill would instead authorize a taxpayer to make that election in the manner prescribed by the CTCAC, as provided.

Introduced
Latest action
2025-10-10 — Chaptered by Secretary of State - Chapter 492, Statutes of 2025.
Bill type
bill
Last updated

Subjects

Sponsors

  • Quirk-Silvaauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-10

    Read first time. To print.

    reading-1

  2. 2025-02-11

    From printer. May be heard in committee March 13.

  3. 2025-02-24

    Referred to Coms. on REV. & TAX. and H. & C.D.

    referral-committee

  4. 2025-03-03

    Re-referred to Coms. on H. & C.D. and REV. & TAX. pursuant to Assembly Rule 96.

    referral-committee

  5. 2025-03-26

    From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 26). Re-referred to Com. on REV. & TAX.

    committee-passage,committee-passage-favorable,referral-committee

  6. 2025-04-21

    In committee: Hearing postponed by committee.

  7. 2025-04-28

    In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

    referral-committee

  8. 2025-04-29

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  9. 2025-05-14

    In committee: Hearing postponed by committee.

  10. 2025-05-21

    In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  11. 2025-05-21

    Joint Rule 62(a), file notice suspended. (Page 1627.)

  12. 2025-05-23

    From committee: Do pass. (Ayes 14. Noes 0.) (May 23).

    committee-passage,committee-passage-favorable

  13. 2025-05-27

    Read second time. Ordered to third reading.

    reading-1,reading-2,reading-3

  14. 2025-06-02

    Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1832.)

    passage,reading-1,reading-3

  15. 2025-06-03

    In Senate. Read first time. To Com. on RLS. for assignment.

    reading-1,referral-committee

  16. 2025-06-11

    Referred to Coms. on HOUSING and REV. & TAX.

    referral-committee

  17. 2025-06-18

    From committee: Do pass and re-refer to Com. on REV. & TAX. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 17). Re-referred to Com. on REV. & TAX.

    committee-passage,committee-passage-favorable,referral-committee

  18. 2025-07-09

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (July 9). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  19. 2025-08-13

    In committee: Hearing postponed by committee.

  20. 2025-08-25

    In committee: Referred to suspense file.

    referral-committee

  21. 2025-08-29

    Read second time. Ordered to third reading.

    reading-1,reading-2,reading-3

  22. 2025-08-29

    From committee: Do pass. (Ayes 7. Noes 0.) (August 29).

    committee-passage,committee-passage-favorable

  23. 2025-09-02

    Ordered to special consent calendar.

  24. 2025-09-04

    Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2521.).

    passage,reading-1,reading-3

  25. 2025-09-04

    In Assembly. Ordered to Engrossing and Enrolling.

    committee-passage

  26. 2025-09-11

    Enrolled and presented to the Governor at 4 p.m.

    executive-receipt

  27. 2025-10-10

    Approved by the Governor.

    executive-signature

  28. 2025-10-10

    Chaptered by Secretary of State - Chapter 492, Statutes of 2025.

    became-law

Versions

Documents

Votes

  • Do pass and be re-referred to the Committee on [Revenue and Taxation] with recommendation: To Consent Calendar

    2025-03-26 · pass · 10-0

    Member-level votes (11)
    • Kalra: yes
    • Ta: yes
    • Ávila Farías: yes
    • Patterson: yes
    • Wilson: yes
    • Lee: yes
    • Haney: yes
    • Quirk-Silva: yes
    • Caloza: yes
    • Wicks: yes
    • Gallagher: other
  • Do pass and be re-referred to the Committee on [Appropriations]

    2025-04-28 · pass · 7-0

    Member-level votes (7)
    • Quirk-Silva: yes
    • McKinnor: yes
    • DeMaio: yes
    • Garcia: yes
    • Bains: yes
    • Gipson: yes
    • Ta: yes
  • Do pass.

    2025-05-23 · pass · 14-0

    Member-level votes (15)
    • Calderon: yes
    • Elhawary: yes
    • Dixon: yes
    • Hart: yes
    • Mark González: yes
    • Arambula: yes
    • Pacheco: yes
    • Solache: yes
    • Ta: yes
    • Caloza: yes
    • Wicks: yes
    • Pellerin: yes
    • Fong: yes
    • Tangipa: yes
    • Sanchez: other
  • AB 480 Quirk-Silva Assembly Third Reading

    2025-06-02 · pass · 79-0

    Member-level votes (79)
    • Rivas: yes
    • Rogers: yes
    • Wicks: yes
    • Irwin: yes
    • Arambula: yes
    • Caloza: yes
    • Ward: yes
    • Nguyen: yes
    • Patel: yes
    • Solache: yes
    • Chen: yes
    • Bonta: yes
    • McKinnor: yes
    • Pacheco: yes
    • DeMaio: yes
    • Celeste Rodriguez: yes
    • Castillo: yes
    • Sanchez: yes
    • Schultz: yes
    • Hadwick: yes
    • Lee: yes
    • Bryan: yes
    • Michelle Rodriguez: yes
    • Mark González: yes
    • Patterson: yes
    • Carrillo: yes
    • Muratsuchi: yes
    • Papan: yes
    • Jeff Gonzalez: yes
    • Ransom: yes
    • Wallis: yes
    • Elhawary: yes
    • Davies: yes
    • Macedo: yes
    • Sharp-Collins: yes
    • Berman: yes
    • Jackson: yes
    • Wilson: yes
    • Lackey: yes
    • Bennett: yes
    • Petrie-Norris: yes
    • Harabedian: yes
    • Ellis: yes
    • Aguiar-Curry: yes
    • Connolly: yes
    • Quirk-Silva: yes
    • Soria: yes
    • Tangipa: yes
    • Gipson: yes
    • Alvarez: yes
    • Hoover: yes
    • Ta: yes
    • Zbur: yes
    • Flora: yes
    • Valencia: yes
    • Addis: yes
    • Garcia: yes
    • Gallagher: yes
    • Krell: yes
    • Ahrens: yes
    • Stefani: yes
    • Calderon: yes
    • Blanca Rubio: yes
    • Lowenthal: yes
    • Schiavo: yes
    • Gabriel: yes
    • Dixon: yes
    • Ávila Farías: yes
    • Fong: yes
    • Ramos: yes
    • Pellerin: yes
    • Kalra: yes
    • Alanis: yes
    • Haney: yes
    • Hart: yes
    • Boerner: yes
    • Bauer-Kahan: yes
    • Ortega: yes
    • Bains: yes
  • Do pass, but first be re-referred to the Committee on [Revenue and Taxation] with the recommendation: To Consent Calendar

    2025-06-17 · pass · 9-0

    Member-level votes (11)
    • Grayson: yes
    • Caballero: yes
    • Ochoa Bogh: yes
    • Wahab: yes
    • Cabaldon: yes
    • Durazo: yes
    • Cortese: yes
    • Seyarto: yes
    • Arreguín: yes
    • Padilla: other
    • Gonzalez: other
  • Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar

    2025-07-09 · pass · 5-0

    Member-level votes (5)
    • Umberg: yes
    • Grayson: yes
    • McNerney: yes
    • Valladares: yes
    • Ashby: yes
  • Placed on suspense file

    2025-08-25 · pass · 6-0

    Member-level votes (7)
    • Grayson: yes
    • Cabaldon: yes
    • Caballero: yes
    • Dahle: yes
    • Richardson: yes
    • Seyarto: yes
    • Wahab: other
  • Do pass

    2025-08-29 · pass · 7-0

    Member-level votes (7)
    • Richardson: yes
    • Grayson: yes
    • Wahab: yes
    • Dahle: yes
    • Seyarto: yes
    • Caballero: yes
    • Cabaldon: yes
  • Special Consent AB480 Quirk-Silva By McNerney

    2025-09-04 · pass · 39-0

    Member-level votes (40)
    • Stern: yes
    • Durazo: yes
    • Cabaldon: yes
    • McGuire: yes
    • Laird: yes
    • Limón: yes
    • Valladares: yes
    • Menjivar: yes
    • Wahab: yes
    • Alvarado-Gil: yes
    • Rubio: yes
    • Pérez: yes
    • Cortese: yes
    • Gonzalez: yes
    • Choi: yes
    • Umberg: yes
    • Allen: yes
    • Smallwood-Cuevas: yes
    • Richardson: yes
    • Blakespear: yes
    • Arreguín: yes
    • Hurtado: yes
    • Padilla: yes
    • Caballero: yes
    • Weber Pierson: yes
    • Niello: yes
    • Grove: yes
    • Jones: yes
    • Ashby: yes
    • Ochoa Bogh: yes
    • Archuleta: yes
    • Grayson: yes
    • Dahle: yes
    • Wiener: yes
    • Cervantes: yes
    • Seyarto: yes
    • Strickland: yes
    • McNerney: yes
    • Becker: yes
    • Reyes: other

Related bills

No related bills recorded for this bill.

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Inspect retained evidence for changes recorded after evidence tracking began:

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